He carefully laid it on the floor and feverishly tried to remember how long a knockout lasted. The chewing gum in the archer`s skin acted effectively on the perforations as a needle, but the knockout drug had been delivered. So far, no one wants to try to do a knockout and go to whoosh with the ICBM. “Knock for Knock” is a common contractual arrangement in the oil and gas industry.  The operator of an oil and gas concession site requires the support and expertise of many types of contractors, including drilling companies, well service companies, plant builders, equipment suppliers and caterers. In general, the Operator will use these services within the framework of a framework agreement that will determine the essential commercial conditions under which the work will be carried out. One of these conditions is the sharing of the risk of loss between people and property. In general, a “blow for blow” agreement means that each party operating on an oil and gas construction site – the operator and the contractor – agrees to protect and indemnify all other parties against injury to that party`s employees and representatives, as well as destruction of or damage to that party`s property. This allocation is not based on the fault or fault of the party whose employee was injured or whose property was damaged. The goal is to effectively defend and pay a claim by having only one party responsible for the loss.
Search for: `Knockout Agreement` in Oxford Reference » The Obama team won the first round of the six-month deal with Iran by KO. It was a knockout, and I don`t mind admitting to you now that my own heart was in my boots for a while. In fact, when asked about the “knockout game,” law enforcement agencies were skeptical. The knockout deal is a form of combining buyers to avoid competition between them at an auction. They agree that they will not increase the bid against each other and that they will only bid one of them at the auction. When the goods have been purchased, they share the profit or the product, as the case may be. At first glance, the knockout agreement is not illegal. However, if the intention of the parties is to defraud a third party, this is illegal. With the knockout game, we have several cases in a handful of cities as well as five reported deaths.
From: Knock-out Agreement in A Dictionary of Law » An agreement by merchants not to bid against one another at an auction. Such an agreement is illegal (see auction ring). . . .